A ground floor tenanted shop of approximately 880 ft², let at £15,000pa on a recent 5 year effectively fully repairing and insuring term. The tenant is in the process of refitting the unit for use as a printing business.
The shop is located in a busy trading position on East Street, Bedminster, in an area currently undergoing significant redevelopment.
DESCRIPTION -
A ground floor tenanted shop of approximately 880 ft², let at £15,000pa on a recent 5 year effectively fully repairing and insuring term. The tenant is in the process of refitting the unit for use as a printing business.
LOCATION -
The property is situated on the High Street in Bedminster in an area which is currently undergoing significantly redevelopment.
TENURE -
The shop is offered for sale on the residue of a 999 year lease.
LEASE DETAILS -
The shop is let at £15,000pa on a 5 year effectively fully repairing and insuring 5 year term, with a 3 year tenant only break option and 3 year upward only rent review.
There is also a lease deposit of £3,750 and the lease is excluded from Sections 24-28 of The Landlord and Tenant Act 1954.
BUSINESS RATES -
The rateable value with effect April 2023 is £8,300. We therefore expect all businesses eligible for small business rates relief to benefit from 100% rate relief at this time although we recommend all interested parties confirm with the local authority.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C - valid to Jan 2028
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
By appointment.
CONTROL OF ASBESTOS REGULATIONS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
